Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George
Speaker 1: Washington Broadcast Center, Jack Armstrong, Gatty arm.
Speaker 2: Strong and Jetty and He.
Speaker 3: Armstrong and Getty Strong and the Radical gender Theory. It's
Speaker 3: a gender bending madness update.
Speaker 2: It's over. We haven't done one for quite a while. Wow,
Speaker 2: I assumed it all been fixed.
Speaker 4: Oh lord, No, it's not the beginning of the end.
Speaker 4: It's the end of the beginning. People know they have
Speaker 4: to fight this stuff. I held back on this story
Speaker 4: for a long time because it's so terrible, but then
Speaker 4: I realized, you've got to get people to understand the
Speaker 4: depth of the insanity that has infected our society, from
Speaker 4: the teacher colleges through the education system mostly. But a
Speaker 4: federal judge's ruled it would be unconstitutional for an Indiana
Speaker 4: prison to deny a transgender inmate sex reassignment surgery following
Speaker 4: the inmates lawsuit this dude who murdered an eleven month
Speaker 4: old baby in two thousand and one and is freaking crazy.
Speaker 4: The ACLU argued successfully that to deny him a sex
Speaker 4: change would be a violation of the Eighth Amendments prohibition
Speaker 4: of cruel and unusual punishment. This is a measure of
Speaker 4: how far this insanity has come that people just accept
Speaker 4: that a mentally ill person who decides, you know what,
Speaker 4: I'm a check I think must be indulged in that
Speaker 4: mental illness.
Speaker 5: Well, and so is he hanging out with other women
Speaker 5: in the prison right now? Probably actually knows. And then
Speaker 5: you got the problem of taxpayers having to pay for
Speaker 5: this incredibly expensive surgery.
Speaker 2: Yeah, I know.
Speaker 4: This crazy dude has been taking female hormones and testosterone
Speaker 4: blockers since twenty twenty.
Speaker 2: Wow.
Speaker 4: Wow, an insane child murderer gets an extremely expensive confirmation
Speaker 4: of his mental illness from taxpayers.
Speaker 2: That's how far it's gone.
Speaker 4: Moving along, and on a similar theme, a piece of
Speaker 4: writing that's getting a fair amount of attention online, at
Speaker 4: least the mainstream media is ignoring it. The husband of
Speaker 4: the whistleblower who exposed the gender affirming medical care given
Speaker 4: of miners at Washington University Transgender Center at Saint Louis
Speaker 4: Children's Hospital. She was a very famous whistleblower last year
Speaker 4: who said, hey, they're still doing this stuff. It's undercover
Speaker 4: of darkness. They're denying it even as they're doing these
Speaker 4: cruel experiments on confused children. Her husband is a transgender
Speaker 4: dude who lived for thirteen years as a dude and
Speaker 4: is now de transitioning.
Speaker 2: And it's a long and really interesting piece.
Speaker 4: This poor woman was raped and sexually abused over and
Speaker 4: over again, had painful conditions related to menstruation and some
Speaker 4: of the other reproductive parts, and had just terrible psychological problems,
Speaker 4: and transitioned hoping that being a guy would straighten out
Speaker 4: her poor awful You wouldn't wish this on your worst
Speaker 4: enemy life. And now thirteen years in, she's saying, you
Speaker 4: know what, I'm a woman, so.
Speaker 2: So I know this is really dumb.
Speaker 5: You know how I can't figure out time changes for
Speaker 5: some reason? Yes, I never I never had fallbacks there.
Speaker 5: I never know her am I falling back or the
Speaker 5: clocks falling back? I never get figured out. I can't
Speaker 5: imagine where this is going, folks. So I'm as lost
Speaker 5: as you are. Yes, I can't never remember. When you
Speaker 5: say trans man, does that mean you almost never ever do?
Speaker 4: Well?
Speaker 5: If I read that, if I read a trans man,
Speaker 5: does that mean they're currently a man and we're a
Speaker 5: woman the other way around.
Speaker 2: No, it's a recently arrived man. Think about it like that.
Speaker 5: Okay, so when I read transman, or if I read
Speaker 5: trans woman, it means they were a man. You set
Speaker 5: your clock back an hour, that's cract. Yes, yeah, I googled.
Speaker 2: It clock back an hour. There you go. So I
Speaker 2: like this.
Speaker 4: This is just another item, and I think maybe for
Speaker 4: the Armstrong You Getting One More Thing podcast, we'll do this.
Speaker 4: Have you heard anything about auto gynophilia. No, It's said
Speaker 4: to be a factor in a lot of adolescent boys
Speaker 4: who think they're girls. It's a psychological phenomenon where it's
Speaker 4: it's heterosexuality, like misdirected that they come fast, so fast,
Speaker 4: it's fascinating with the idea of being.
Speaker 2: With a woman that they want to become a woman.
Speaker 4: Maybe, and I've got a long description of it and
Speaker 4: how it works and that sort of thing, but it
Speaker 4: would be too long for this setting. So maybe Armstrong
Speaker 4: and Getty one more thing listen later. But I love,
Speaker 4: I absolutely love this response. This is from the Mayo
Speaker 4: Clinic think about pregnancy, which is often viewed as an
Speaker 4: exclusively female phenomenon. Often the midwis that the Mayo Clinics say.
Speaker 4: According to this commentator.
Speaker 2: Word often seems to be an understatement.
Speaker 4: Yeah, think about it. It's often viewed as an exclusively
Speaker 4: female phenomenon. It's easy to use the term pregnant women
Speaker 4: without a second thought. So it's the Mayo Clinic trying
Speaker 4: to convince you that no, men can be pregnant.
Speaker 2: No, they can't.
Speaker 4: Men have never, not once in the history of mankind,
Speaker 4: been pregnant, So it's not really often.
Speaker 2: It's always, yes, Yeah, it's absolutely always.
Speaker 4: And this response I thought was great by one Carolyn Johnson,
Speaker 4: because women can have anything that is precious for themselves.
Speaker 4: Being pregnant was one of the most life affirming times
Speaker 4: of my life. But apparently even that can be appropriated
Speaker 4: and not seen as appropriation.
Speaker 5: I'm not on the cultural appropriation bandwagon, but I like
Speaker 5: this version of it.
Speaker 2: Yeah.
Speaker 4: Yeah, dudes, you're a dude or you're a woman. Either way,
Speaker 4: you live whatevery life you want.
Speaker 2: I don't care.
Speaker 4: But if you're a dude, don't ask me to call
Speaker 4: you a woman. This is also kind of opropos nothing
Speaker 4: but from the gender banning madness world. The Daughters of
Speaker 4: the American Revolution are fighting a bunch of their woke
Speaker 4: members who want to start admitting dudes even though their
Speaker 4: bylaws have always been clear. It's for the daughters female
Speaker 4: descendants of revolutionary patriots. It's a genealogical organization. You have
Speaker 4: to be genetically descended of known American revolutionary movers and shakers.
Speaker 4: Seems like an odd organization, but so they are now
Speaker 4: fighting the idea that dudes should be involved to if
Speaker 4: the dude just says.
Speaker 5: I'm a woman and took some hormones, Oh my god.
Speaker 5: This has got to be the as far as it
Speaker 5: can go. Right when you've infiltrated the daughters of the
Speaker 5: American revolution.
Speaker 4: One more piece of bad news than some really really
Speaker 4: good news, some kick ass women who deserve your support,
Speaker 4: first of all, though, one more kick in the nards.
Speaker 2: Pardon me if you have them, well, if you have them.
Speaker 4: A New Hampshire high school called the police on parents
Speaker 4: wearing pink Crisp bands featuring two x's that were in
Speaker 4: support of keeping boys out of girls' sports. The parents
Speaker 4: had been advocating for the school to set up policy
Speaker 4: barring boys from playing as girls.
Speaker 2: But the school district told them they cannot do.
Speaker 4: Anything since the court recently ruled that the term girl
Speaker 4: includes boys who claim identity as girls. In the state's schools,
Speaker 4: and so they not only told the parents that they
Speaker 4: would not change any inclusion policies, but they also officially
Speaker 4: banned parents from attending any school events for the crime
Speaker 4: of supporting girls' sports. You got a pink rist band,
Speaker 4: You're not getting in or calling the cops and having
Speaker 4: you charge with trespassing. Wow, you don't think it's worth
Speaker 4: fighting on the side of those parents.
Speaker 2: Finally, this, this is the good stuff.
Speaker 4: The governor of Idaho has come out to cheer the
Speaker 4: Boise State University women's volleyball team after their decision to
Speaker 4: forfeit their Saturday game against San Jose State.
Speaker 5: San Jose State, the Spartans not at all, not.
Speaker 4: At no, they are really kicking ass. Are the Spartans
Speaker 4: aided in part by a dude identifies as a woman,
Speaker 4: dresses as a woman, is a dude, you see, that's
Speaker 4: the hang up and is dominating the middle and unleashing
Speaker 4: spikes that are speeds at speeds that are never ever.
Speaker 2: Seen in women's volleyball.
Speaker 5: Yeah, that's why there have been two forfeits in a
Speaker 5: row and now their players, at least anonymously on the
Speaker 5: San Jose State team are complaining that it's too dangerous
Speaker 5: to play with this gentleman who's playing on the women's
Speaker 5: college team because her spikes are eighty miles per hour
Speaker 5: and they've never dealt with that before.
Speaker 2: Oh so I can practice and stuff.
Speaker 4: Yeah, yeah, Plus you might get hit in the back
Speaker 4: of the head, I suppose if one goes awry. Additionally,
Speaker 4: State Senator or thus Senator committed the team for taking
Speaker 4: a stand for women, writing kudos to Boise State for
Speaker 4: taking a stand for women in sports. Ido's hard working,
Speaker 4: talented female athletes deserve a fair playing field where they
Speaker 4: can compete and win.
Speaker 5: Well, I'm glad the governor is saying that, because when
Speaker 5: Boise State announced they were forfeiting, they put out a
Speaker 5: statement but did not provide an explanation for the forfeit.
Speaker 5: They were too chicken to say out loud, we're not
Speaker 5: playing because they got.
Speaker 2: A dude on their team. Right right, let's see.
Speaker 4: You know, it's funny this article gives the Boise State's
Speaker 4: next game or a San Jose st next game. But anyway,
Speaker 4: you are now seeing finally, finally, finally, women and the
Speaker 4: men who support them marching in formation with Riley Gaines
Speaker 4: and standing up and saying no, I'm not stepping on
Speaker 4: that field. This is a farce, It is a joke.
Speaker 4: These are women's sports. No dudes, no matter they're psychological problem.
Speaker 4: No dudes, if they're transgender or schizophrenic, or are shy
Speaker 4: around other people, doesn't matter.
Speaker 2: You're a dude. You don't get to play period. Folks.
Speaker 4: The radical Marxists want to erase all binaries, all of
Speaker 4: the divisions, all of the fence posts that give structure
Speaker 4: to society. That's how you take over a society and
Speaker 4: the institutions of the society.
Speaker 2: Don't let them do that.
Speaker 4: Don't let them force you on your knees and call
Speaker 4: a man a woman just because they told you to.
Speaker 2: End of screeds. Madness updates.
Speaker 5: So in the most recent win for the undefeated Spartans
Speaker 5: where they beat Fresno State, Yeah, take that, you bunch
Speaker 5: of girls. Fleming, dude, if you want to compete Fleming,
Speaker 5: the trans player in question led the team with sixteen kills,
Speaker 5: so the dominant player on the floor.
Speaker 4: It is a measure of people's intellectual cowardice that they
Speaker 4: put up with this at all. And I get not
Speaker 4: everybody can be a tissed off iconoclassed the moment they
Speaker 4: wake up in the morning like me and you.
Speaker 2: But my god, we need more people. It is amazing
Speaker 2: how many people go along with it.
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Speaker 1: Heyyetdi see Armstrong and Getty shirt.
Speaker 4: Mail bag Trump us a note with your mail bag
Speaker 4: at Armstrong and Getty dot com.
Speaker 2: We're having printer.
Speaker 5: Problems, so it is name somebody in America that's not
Speaker 5: having printer problems.
Speaker 2: That's a good point.
Speaker 5: We're going to get to Mars and people still can't
Speaker 5: make their printers work at home or at work.
Speaker 2: I still I like to orchestrate it.
Speaker 4: I arrange it carefully, so it may be a little
Speaker 4: haphazard today. But guys, I was reading, Oh this is
Speaker 4: from Loyal Listener A frequence correspondent Powe Law. I was
Speaker 4: reading Kamala Harris got five billion dollars for lecture school buses.
Speaker 2: They're slowly hitting the road.
Speaker 4: Proponents say the bus is whose initial cost about three
Speaker 4: hundred and seventy five thousand dollars apiece. Is that will
Speaker 4: boost US manufacturing, bring cleaner air for Americans, reduced planet
Speaker 4: warming emissions, et cetera.
Speaker 2: Et cetera. The story never gets.
Speaker 4: Around to even attempting to actually quantify and compare the
Speaker 4: cost of the buses to the benefits derived from them.
Speaker 4: For example, if the key benefit is reduction in global warming,
Speaker 4: how great is the reduction? What benefits will come from it?
Speaker 4: I fear both answers are negligible. Oh yeah, absolutely, we
Speaker 4: can't afford to spend billions for negligible benefits. But to
Speaker 4: some of the doesn't seem to matter. It's practically a
Speaker 4: religious issue. Correct, That is absolutely well written. Yeah, yeah, well,
Speaker 4: said Pellow. As always, let's see, Frank talks about chronic
Speaker 4: pain and how to deal with it, and then he says, now,
Speaker 4: some pain is completely different. I've had kidney stones, and
Speaker 4: that requires a different strategy altogether while walking around inside
Speaker 4: of it, As Jack mentioned, makes total sense to me.
Speaker 4: I take a similar but opposite approach. First, I congratulate
Speaker 4: God on creating something so exquisitely perfect the pain. Then
Speaker 4: I imagine him and I standing side by side and
Speaker 4: observing and admiring the pain. That and a little demorroll
Speaker 4: do the trick. Oh man, I'm so glad of dodge
Speaker 4: the kidney stone stone so far.
Speaker 2: When I had my gallbladder attack. I was trying to try.
Speaker 5: To apply some sort of pain stuff I'd heard before
Speaker 5: in my life, but I wasn't so much.
Speaker 2: Pain I couldn't even think. Oh yeah, and then you
Speaker 2: know what did the trick? Morphine? Morphine is what really worked. Yeah. Yeah.
Speaker 4: A special request for this the most election of our
Speaker 4: lifetime from JT and Livermore. Even though we only have
Speaker 4: about three weeks to go into the most election of
Speaker 4: our lifetime, the weekends are so boring. So I have
Speaker 4: a special request for the good of the country and
Speaker 4: for the sanity of your audience, can you please do
Speaker 4: your show every day, including weekends, until a winn is announced.
Speaker 2: Pretty please? Selection of our lifetime. It is the most
Speaker 2: election of our lifetime.
Speaker 4: Well, thank you for that obviously underhanded compliment, JT. I
Speaker 4: tell you what, if you own a shotgun and you
Speaker 4: can get it into the studio and you can level
Speaker 4: it at me, prepare yourself to see my blood spattered
Speaker 4: on the walls, because you're gonna have to shoot me
Speaker 4: before I.
Speaker 2: Do a show on the weekends. But thank you. Let's see.
Speaker 2: Oh this is good.
Speaker 4: David and Oakland, who writes now and again and it's
Speaker 4: always a little like this. You're a pennis thing. How
Speaker 4: disgusting are you trying to be trendy? You guys dip
Speaker 4: below the belt and come off as desperate to be
Speaker 4: cool and with it. I turned the dial having no
Speaker 4: interest in the part. You are a loose to. You
Speaker 4: just couldn't help yourself, And I wonder how dense and
Speaker 4: dumb you can be. Do you really think this is
Speaker 4: cutting edge stuff?
Speaker 2: What are they talking about? I don't know.
Speaker 4: Did we do some reference to genitalium? Perhaps in the
Speaker 4: One War Thing podcast?
Speaker 2: Do you remember Hansen something penis related? From Friday?
Speaker 5: David?
Speaker 2: It has been so much lately, it all blends together, right, Yeah,
Speaker 2: that's a good point.
Speaker 4: Yeah, David writes occasionally makes it clear that he just
Speaker 4: despises us.
Speaker 2: And then you know, vanishes back into the woodwork.
Speaker 4: Barbaric Joe you mentioned the other day, there's no fix
Speaker 4: and stupid. The only example I can think of, writes
Speaker 4: Daniel where stupid was fixed was the Scarecrow and the
Speaker 4: Wizard of Oz. So can we get Kamala Harris to
Speaker 4: crack open and bud light and sing? If I only
Speaker 4: had a brain? I don't see that happening, and then
Speaker 4: finally this from Tammy with two ease controversial Tammy. I
Speaker 4: don't recall what prompted me to google Katie Green this weekend,
Speaker 4: but I did, and I landed on her YouTube. But
Speaker 4: the Blue Ane number one is a woman. I pictured
Speaker 4: her as a brunette, but she's a cute blonde. I'm
Speaker 4: a hetero woman, not creepily hitting on her, just saying two,
Speaker 4: I've only heard snippets of Jack's experience with the Blue Angels. Three,
Speaker 4: Jack and Katie could talk about their flights. Hmm, So
Speaker 4: David and Oakland. If he didn't like penis talk, he's
Speaker 4: gonna love vomit talk, so stay with us. Yeah, yeah, Katie,
Speaker 4: did you find it upsetting digestively the flight.
Speaker 2: At two instances? Yes? Breast of it? No, I was fine.
Speaker 5: I filled both of the vomit bags completely full. Oh really, yes,
Speaker 5: For a while they were calling me two sack Jack
Speaker 5: because I got off the plane holding both bags.
Speaker 2: Some good pictures of like trophies.
Speaker 5: However, I did drink the night before and eat unfortunate
Speaker 5: food tie food, as I recall, Yes, I went out
Speaker 5: to a tie restaurant and drank. When they said don't
Speaker 5: eat anything spicy or drink Okay, you did that because
Speaker 5: rules do not apply to me.
Speaker 2: No, certainly not. What are you some sort of sheep?
Speaker 2: Exact exactly?
Speaker 5: Which of the many polling numbers would you like to
Speaker 5: hear that are amazing from the weekend? For instance, this one?
Speaker 5: Did Biden's policies help or hurt your family? Forty five
Speaker 5: percent hurt? Did Trump's policies helper hurt your family? Forty
Speaker 5: four percent helped? With tiny numbers for the other show,
Speaker 5: Armstrong and Get.
Speaker 2: There Gonna work fast? Don't you think it's.
Speaker 1: A little hot?
Speaker 2: Absolutely, there's no doubt in my mind.
Speaker 1: This is the Armstrong and Getty Show, the Armstrong and
Speaker 1: Getty Show.
Speaker 4: So quick metal game here. How much money do you
Speaker 4: need to be considered?
Speaker 2: What term do they use?
Speaker 4: Wealthy? Like your net worth? How much would you have
Speaker 4: to have in the bank to be wealthy?
Speaker 5: The trouble with these questions, as we always point out,
Speaker 5: is where do I live live currently? If I'm going
Speaker 5: to stay here, it's a pretty big number. If I'm
Speaker 5: where my brother lives, it's a much much smaller number
Speaker 5: to have a perfectly happy life.
Speaker 4: So you are both absolutely correct and a fun suck.
Speaker 4: All right, let's specify you are in a third quintile
Speaker 4: cost of living part of America, so you're.
Speaker 2: Like a above average but not.
Speaker 5: San francisc So the question is, and I'll stop being
Speaker 5: a fun suck, So what's the number? What's the number
Speaker 5: that makes you wealthy for your net worth?
Speaker 2: Yeah? Yeah, So anyway, we'll come back to that in
Speaker 2: a minute.
Speaker 4: A couple of stories about financing money and retirement, that
Speaker 4: sort of thing, getting away from politics at least for
Speaker 4: a little while.
Speaker 2: I thought it was interesting.
Speaker 4: And though we are both gen xers, at the older
Speaker 4: end of gen xers, and I've been aware of this,
Speaker 4: I hadn't ever really thought about it. The generation was
Speaker 4: the first generation to see a massive shift in how
Speaker 4: Americans work and say, for retirement, companies moved from pensions
Speaker 4: that promise steady income after years of service the goldwatch
Speaker 4: at the retirement you worked for one or two companies
Speaker 4: your entire career, Dad did to a much much more
Speaker 4: mobile feel of employment. And four A one k's becoming
Speaker 4: your retirement savings method and it's in your own hands.
Speaker 4: And in fact, there are some of the financial services
Speaker 4: industry that call gen X I think it's the four
Speaker 4: to one k experiment generation.
Speaker 5: It's interesting they call it an experiment, which insinuates that
Speaker 5: they think it might not work or be a good idea.
Speaker 2: Is that what they're insinuating? I suppose.
Speaker 5: So I've never seen it as an experiment. It always
Speaker 5: just seemed like such solidly a good idea, right.
Speaker 4: But you've got to admit, because you know, some people,
Speaker 4: whether they're lower education or they're you know, they're just
Speaker 4: busy or don't have the interest in following politics and finance,
Speaker 4: they got into four oh one k's very very late,
Speaker 4: or didn't appreciate the importance of starting early, compound interests, etc.
Speaker 4: It's a really good program in a lot of ways,
Speaker 4: but you have to opt in.
Speaker 5: I've been hammering my kids on that since they were
Speaker 5: too young to have the slightest idea what it even means,
Speaker 5: Just so it's in their head somewhere. Start putting in
Speaker 5: the max of your four oh one K the first
Speaker 5: time you get one. I don't care if you have
Speaker 5: to eat cats like you're a Haitian immigrant. Put your
Speaker 5: money in your four oh one k, change your life.
Speaker 2: Yeah.
Speaker 4: Yeah, So as an individualist, I have zero problem with
Speaker 4: me being in charge of my retirement.
Speaker 2: No.
Speaker 4: In fact, I wish George W. Had been successful in
Speaker 4: privatizing Social Security. Everybody listening would be a good deal
Speaker 4: ridger now where they are come retirement.
Speaker 2: We all know what the punchline to this is. Though.
Speaker 5: Somebody that decides not to put an to their four
Speaker 5: oh one k or the George W. Bush style private retirement,
Speaker 5: they get to old age and don't have any money,
Speaker 5: and it's presented as they don't have a dignified retirement,
Speaker 5: and we.
Speaker 2: Need to have a program for that.
Speaker 4: Oh absolutely, we need your tax dollars, including you being
Speaker 4: taxed on the very Social Security money.
Speaker 2: That the government did, in.
Speaker 4: A paltry and hilarious way, pile up for you fast.
Speaker 4: They they don't pilot up current workers. It's in a
Speaker 4: lock box, and it's not in a lock box. That's
Speaker 4: a blasting twenty four years ago. But I enjoyed it, Ah, right,
Speaker 4: So we could labor those points. But I think we're
Speaker 4: all kind of up on it. I loved this article
Speaker 4: in the Wall Street Journal. I loved to hate it.
Speaker 4: They're breaking every retirement rule to be off now, not later.
Speaker 4: Some workers want to spread retirements throughout their careers, even
Speaker 4: if it means a smaller four to h one k
Speaker 4: oh boy. And they profile this cute girl and her
Speaker 4: cute boyfriend and how they're taking years off of work
Speaker 4: and like spending down their savings to retire now. And
Speaker 4: they say, even if I don't have as much money
Speaker 4: when I retire, this is totally worth it.
Speaker 2: Oh my god.
Speaker 5: See if this is the problem with the libert straight
Speaker 5: libertarian point of view, and so I'm a straight libertarian, good.
Speaker 2: Good for you, you moron, do it. Go ahead.
Speaker 5: But if I'm a realist slash conservative, I realize when
Speaker 5: they don't have any money when they're older, you're gonna
Speaker 5: take a bunch of my tax money or raise my
Speaker 5: taxes to help them out. I know that's what's gonna happen.
Speaker 4: Well, and these sexy thirty one year old say, oh no,
Speaker 4: it's totally worth it to go hiking here in the Alps.
Speaker 4: And if I have less money as an ulster, it'll
Speaker 4: be great. The idea that the Wall Street Journal didn't
Speaker 4: throw in a paragraph saying, now, obviously they have no
Speaker 4: idea what they're talking about. And there could be nothing
Speaker 4: more ridiculous than a thirty one year old, saying the
Speaker 4: Thrills at age thirty one are quote unquote worth being
Speaker 4: paupers as old people. Right, that's so stupid, it's almost hilarious.
Speaker 4: Let's take a moment.
Speaker 2: To last before they get back to the text of
Speaker 2: the article.
Speaker 4: But, as Jack has pointed out, embittering the entire conversation,
Speaker 4: when they do hit their golden years and are forced
Speaker 4: to eat cat carcasses, we will be paying for them
Speaker 4: moving along.
Speaker 5: God dang it, I know a bunch of people living
Speaker 5: like that. I know people living like that right now,
Speaker 5: and I think I'm fine again. I don't care what
Speaker 5: you do with your money, but I know how things
Speaker 5: work in the real world. And you're gonna be voting
Speaker 5: for parties that say you don't have enough when you
Speaker 5: spent your money on traveling around Europe as a twenty
Speaker 5: six year.
Speaker 4: Old, right, yeah, yeah, that's why I hate humanity anyway.
Speaker 2: Knows how many times I've traveled around Europe when I
Speaker 2: was twenty six zero.
Speaker 5: I don't even hit my current age. Why because I'm
Speaker 5: saving my money and I don't want you to get
Speaker 5: it because you think it'd be super cool to travel
Speaker 5: around the world.
Speaker 2: God that pisses me off.
Speaker 4: Well, it's not like if you subsidize or reward bad behavior,
Speaker 4: you get more of it or anything, he says, sarcastically,
Speaker 4: shaking his head sadly and wanting nothing more than to
Speaker 4: vanish into the woods and leave humanity behind.
Speaker 2: Finally, this.
Speaker 4: According to a major modern wealth survey by Charles Schwab
Speaker 4: dot dot dot.
Speaker 2: What is it?
Speaker 4: They asked Americans what average networth it takes to be wealthy,
Speaker 4: with the caveat that. Well, actually they mentioned that when
Speaker 4: it comes to geographic regions, California has the highest threshold
Speaker 4: of what it takes to be wealthy. Of course, and
Speaker 4: I'll tell you all, Americans say it's two point five
Speaker 4: million dollars net worth, you are wealthy.
Speaker 5: On average concascination, it's two and a half million. It's
Speaker 5: higher than I would have guessed.
Speaker 4: Well, San Franciscans say it takes four point four million.
Speaker 2: To your point, I.
Speaker 5: Don't blame them, given the cost of a house or
Speaker 5: rent or whatever.
Speaker 4: And Southern Cali Unicornians indicated it takes an average networth
Speaker 4: of three point four million. Survey respondents who lived in Atlanta, Chicago, Houston, Phoenix,
Speaker 4: in Dallas expressed lower numbers, of course, which is why
Speaker 4: any national figure like for income tax, for instance, is
Speaker 4: utterly unfair and ridiculous.
Speaker 2: Having said that, I.
Speaker 4: Suppose you if you don't like where you are and
Speaker 4: your taxes and your wealth, and that you could move.
Speaker 5: So I just would like to point out for all
Speaker 5: you who don't live in California, it is really expensive
Speaker 5: to live here, but what you get for what you
Speaker 5: pay is.
Speaker 2: A kick in the groin.
Speaker 4: All Americans say you have to have two point five
Speaker 4: million to be wealthy, to be financially comfortable, seven hundred
Speaker 4: and seventy eight thousand.
Speaker 2: Dollars net worth. Yeah again, depending on where you live.
Speaker 2: Good luck with that in San Francisco. Yeah yeah, well
Speaker 2: get the hell out.
Speaker 4: Boomers say you need two point eight million dollars or
Speaker 4: seven hundred and eighty thousand dollars to be financially comfortable.
Speaker 2: Not surprisingly. Now this is interesting.
Speaker 4: Jen X says you need two point seven million, whichs
Speaker 4: right there in the number. But they say to be
Speaker 4: financially comfortable, you need eight hundred and seventy three thousand dollars,
Speaker 4: which is almost one hundred thousand more than boomers and
Speaker 4: all Americans.
Speaker 5: The biggest wilds The biggest wild card that nobody factors
Speaker 5: in until they start to get older is healthcare costs.
Speaker 2: Yeah, because you have have.
Speaker 5: Had zero Your healthcare costs every year are almost none
Speaker 5: when you're thirty five, as I remember it. But until
Speaker 5: the breath is taking Yeah, until it's like, holy crap,
Speaker 5: this is going to ruin me in a couple of decades.
Speaker 2: Yeah, which is one of the things that I'm glad
Speaker 2: you threw that in.
Speaker 4: As I'm looking at those healthy thirty one year olds
Speaker 4: hiking about Europe, it comes for.
Speaker 2: All of us.
Speaker 4: I don't know, oh how much I would have to
Speaker 4: have to be like completely confident everything will be fine
Speaker 4: because you know, the right health problem comes along or
Speaker 4: long term care kerb Lewie.
Speaker 2: I don't mean to freak anybody out, but.
Speaker 5: Well, and then in a world where a lot of
Speaker 5: people who have kids have one who's got a variety
Speaker 5: of problems because who knows why that's happening, that's an
Speaker 5: expense too, you weren't planning on when you were hiking
Speaker 5: at age thirty.
Speaker 4: Well, finally, though they're optimistic about their future, wealth respondents
Speaker 4: acknowledge that there's more that they can do with fewer
Speaker 4: than one in five saying they're currently on top of
Speaker 4: their finances. Eighteen percent say yeah, I'm doing what I'm
Speaker 4: supposed to be doing and doing it systematically. Whoa again
Speaker 4: to your bitter point, Oh, bitter Jack, you know it's
Speaker 4: fun on a Friday talking to bitter Jack. Hey, bitter Jack,
Speaker 4: come bull up a bar stool, ruin our day for us.
Speaker 2: I'm here for you doing Jack.
Speaker 4: I'm good now, but I could be decimated by future
Speaker 4: health problems.
Speaker 2: Who invited bitter Jack?
Speaker 1: Arm Strong and the Armstrong and Getty show.
Speaker 2: Boundary for help, take a look offering some help? And Vivian,
Speaker 2: you were so close to that million dollars.
Speaker 5: Oh my god, it's just a regular mom who had
Speaker 5: a chance at a million dollars if she could have solved.
Speaker 5: I'm looking at the board. There you got the erring part.
Speaker 5: Some and help are basically completely solved. Help is solved.
Speaker 5: Some is missing wood letter, So it's just what is
Speaker 5: something arring some help? When you hear the beginning of it,
Speaker 5: I want to hear her guesses.
Speaker 6: Wondering some help, answering some help, wondering I'm finding some help.
Speaker 2: Will you run for some help?
Speaker 1: Boundary for help?
Speaker 2: That's boundary. I don't know.
Speaker 4: I'm sorry the nice lady didn't win the money, but
Speaker 4: you know why she didn't because she's no good at
Speaker 4: the game.
Speaker 5: Well, she said she was nervous, and I've had that before,
Speaker 5: where I just I can't. I can't like come up
Speaker 5: with things that if I weren't nervous I could come
Speaker 5: up with easily, because then you know, you know, whatever
Speaker 5: kind of situation, but.
Speaker 2: Which is part of the game she's bad at. Yes, yes,
Speaker 2: boundary for.
Speaker 4: Offering for help again, her her anguish brings me no
Speaker 4: joy whatsoever.
Speaker 2: Yeah, No, too bad. She missed out on a million dollars. Well, well,
Speaker 2: it's the way the cookie crumbled, it is exactly?
Speaker 4: Or is this a sign of the cruel new Ryan
Speaker 4: Seacrest era on wheel of fortune? And we're going to
Speaker 4: rule that wheel with an iron at which no holds
Speaker 4: her barred?
Speaker 2: Perhaps?
Speaker 4: Uh So some non political stuff after a quick political
Speaker 4: follow up.
Speaker 2: We were talking in the last hower.
Speaker 4: I guess about, among other things, the Harris campaign, to
Speaker 4: the extent that it has any policies they've been talking
Speaker 4: with Biden about taxing unrealized assets of like, oh, super
Speaker 4: rich people.
Speaker 5: I love this so and and so the unrealized capital
Speaker 5: gains tax. And this is what you got to remember.
Speaker 5: It's being proposed for billionaires to start with. But you know,
Speaker 5: if they get that going, those are gonna come down obviously,
Speaker 5: and it's gonna goes by thunder and there goes my thunder.
Speaker 5: It's gonna be infect freaking everybody eventually.
Speaker 2: And this has got to be.
Speaker 5: Rejected harshly, harshly, And the fact that she has not
Speaker 5: had to answer a question about this is amazing.
Speaker 4: Yeah, it's a journalistic malpractice and treason practically. Uh So, Yeah,
Speaker 4: we skipped to the end, which is fine. This is
Speaker 4: the mirror image of what was the brilliant book. Oh
Speaker 4: we interviewed the author he so Hoover Foundation guy, Hoover
Speaker 4: Institution guy. But it was about the fact that welfare
Speaker 4: programs of all sorts expand inevitably. If you have like
Speaker 4: pathetic on the scale of one to one hundred, and
Speaker 4: you start a program that's for levels one, two, and three,
Speaker 4: what's the next thing that happens level four? Are advocates
Speaker 4: for level four say.
Speaker 2: Well, whoa whoa level fource just one more level of pathetic?
Speaker 2: Why aren't they getting any help?
Speaker 5: The book is the High Cost of good Intentions, and
Speaker 5: it has so many great examples, going clear back to
Speaker 5: Revolutionary War veterans and how it started with people who
Speaker 5: fought in the Revolutionary War, then spread to their spouses,
Speaker 5: then spread to their kids, and it ended up being
Speaker 5: people who were alive during the Revolutionary War, and it
Speaker 5: just kept spreading and spreading.
Speaker 2: And we've done that throughout history.
Speaker 4: A guy who wants picnicked on bunker hill, you know
Speaker 4: whatever it was, Yeah, yeah, it inevitably explains, so the
Speaker 4: mirror im that and it's this is so insidious.
Speaker 2: But once you catch on to it.
Speaker 4: Nobody gives a crap about billionaires or will shed a
Speaker 4: single tier. They are an utterly unsympathetic group when it
Speaker 4: comes to especially being taxed. But you've got this concept
Speaker 4: of taxing unrealized gains, which has been seen as abhorrent.
Speaker 4: But if you can get that concept into play against
Speaker 4: the utterly unsympathetic billionaires, soon it's one hundred millionaires and
Speaker 4: you're thinking, I still don't give a crap. O wait,
Speaker 4: and you won't have to wait long, mister, honey, honey.
Speaker 4: We just hit five hundred thousand dollars in the four
Speaker 4: to oh one k. They are coming for you, man,
Speaker 4: They are absolutely coming for you. The income tax originally
Speaker 4: was extremely narrow. I can't tell you the number of
Speaker 4: government Social Security again, the mirror image was originally for
Speaker 4: like two percent of the population. Can you realize how
Speaker 4: this would work?
Speaker 5: So you got stock in Tesla or whatever, Tesla goes
Speaker 5: up a lot this year, Okay, well, you you made money,
Speaker 5: you owe tax on that.
Speaker 2: So my Tesla.
Speaker 5: Stock went up fifty thousand dollars and now I owe
Speaker 5: you whatever. You'd have to pay twenty grand, even though
Speaker 5: I haven't cashed it out yet, And of course the
Speaker 5: Tesla stock could go back down after that, and then
Speaker 5: what do you do.
Speaker 4: So, setting aside the whole introducing something abhorrent mission creep
Speaker 4: principle as we were talking about last hour, it would
Speaker 4: also be absolutely devastating to the stock market and everybody's
Speaker 4: four oh one case, because there would be huge dumping
Speaker 4: of stock among the investor class. It would be too
Speaker 4: expensive to keep it, and it would happen a year
Speaker 4: after year after year to avoid taxes. And Kenonymous dropped
Speaker 4: me a text. Also, the unrealized gain tax is simply
Speaker 4: paying the tax on that stuff early.
Speaker 2: It doesn't make any more money.
Speaker 4: In fact, it makes less because the asset will not
Speaker 4: grow as quickly because of.
Speaker 2: The tax being extracted from it.
Speaker 4: The capital gains tax will be paid upon death or
Speaker 4: transfer like it is now, but it won't be able
Speaker 4: to grow as much. What seems like a tax gain
Speaker 4: is just paying it early. Typical shell game taxes are now,
Speaker 4: some people might argue, but billionaires who have say a
Speaker 4: billion dollars worth of stock, they can borrow against that
Speaker 4: as income and spend that money and live lavishly and
Speaker 4: the rest of.
Speaker 2: It well go with a value added tax.
Speaker 4: Then if you buy anything, there's a value added tax,
Speaker 4: but you have to eliminate income taxes and one hundred
Speaker 4: other dopey you know, duplicit as taxes.
Speaker 2: But anyway, that's enough of that. I vote on who's
Speaker 2: got the most joy. I don't pay attention to this stuff.
Speaker 2: Amazon announced five days a week beiches. Sorry, that's a
Speaker 2: girst way to put it.
Speaker 4: They're telling their corporate staff to be in the office
Speaker 4: every weekday.
Speaker 2: There is strom draw and angst.
Speaker 5: I've got such a dichotomy of opinions on Amazon. I
Speaker 5: hate that it's closed down any of my favorite local
Speaker 5: stores in my small town because they couldn't keep up
Speaker 5: with Amazon. On the other hand, I wanted a little
Speaker 5: hair trimmer.
Speaker 2: For my man escaping. Katie. You know baby oil for
Speaker 2: your puff daddy.
Speaker 5: You know how, Katie, I'm always manscaping I need.
Speaker 4: I just yeah, it's no kidding, turn off your it's
Speaker 4: just close your eyes and cover your ears.
Speaker 5: This is harassment because I was gonna mention it. I
Speaker 5: just knew you really don't want to hear that. You
Speaker 5: really really don't even want to think about that. But
Speaker 5: I bought a man scaping tool on Amazon and I
Speaker 5: had it in three hours at my house. Now, they
Speaker 5: probably didn't even have what I was looking for film,
Speaker 5: a porn or what. Why do you need a party?
Speaker 2: I didn't need a three hours I didn't.
Speaker 5: I'm going to a freak out or whatever you call
Speaker 5: those freak session, freaking freak.
Speaker 6: Off freak off with this story, Jack, But how does
Speaker 6: any store stay open when I can order something and
Speaker 6: have it at my house in two hours, I know,
Speaker 6: or tonight or tomorrow.
Speaker 5: I mean, it's amazing, absolutely amazing, and I am not
Speaker 5: being well groomed.
Speaker 2: And smooth as a dolphins.
Speaker 1: Jack, Armstrong and Joe Getty The Armstrong and Getty Shoe